SQN Secured Income Fund PLC Monthly Net Asset Value, Dividend and Fact Sheet (7589G)

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RNS Number : 7589G

SQN Secured Income Fund PLC

25 July 2019

25 July 2019

SQN Secured Income Fund plc

Monthly Net Asset Value, Dividend and Fact Sheet

SQN Secured Income Fund plc (LSE: SSIF) (the "Company"), a specialist secured lending income investment trust, listed in the UK, is pleased to provide its monthly net asset value ("NAV") and dividend update in addition to its monthly fact sheet.

Net Asset Value

The Company announces that, as at 30 June 2019, the unaudited estimated NAV per ordinary share (cum-income) was 97.04 pence.

The NAV total return in June 2019 was 0.68% (May 2019: 0.44%).

Dividend

The Company is pleased to announce the twelfth monthly dividend for the year ending 30 June 2019:

 
 Dividend amount:   0.583 pence per Ordinary Share 
 Ex-date:           01 August 2019 
 Record date:       02 August 2019 
 Payment date:      23 August 2019 
 

The Company has elected to designate all of the dividends for the period ended 30 June 2019 as interest distributions to its shareholders. In doing so, the Company is taking advantage of UK tax treatment by "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.

Fact Sheet

The Company announces that it has today published its monthly fact sheet to the end of June 2019. Please follow the link below to access the fact sheet, which is also available to download from the Company's website.

http://www.rns-pdf.londonstockexchange.com/rns/7589G_1-2019-7-25.pdf

(http://www.sqncapital.com/managed-funds/sqn-secured-income-fund/about/)

For further information please contact:

 
 
 SQN Asset Management Limited            tel: [phone] 
  Neil Roberts/Jeremiah Silkowski/Dawn    888 
  Kendall 
 finnCap Ltd.                            tel: [phone] 
  Corporate Finance: 
  William Marle / Giles Rolls 
  Sales: 
  Mark Whitfeld 
 Kepler Partners LLP                     tel: [phone] 
  Hugh van Cutsem 
 Buchanan Communications                 tel: [phone] 
  Charles Ryland/Henry Wilson 
 

Notes to Editor

The Company aims to provide shareholders with attractive risk-adjusted returns, principally in the form of regular, sustainable dividends, through investment predominantly in a range of secured loans and other secured loan-based instruments originated through a variety of channels and diversified by way of asset class, geography and duration.

The Company's Investment Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Asset Management Limited. The principals responsible for managing the portfolio are Jeremiah Silkowski, Dawn Kendall and Neil Roberts.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 25, 2019 09:21 ET (13:21 GMT)